CMRECostamare Inc.
Is it safe?
Nothing alarming, nothing pristine: insiders quiet, comfortable debt (A), and typical volatility.
Insiders were net sellers (-$918K, 90 days to Oct 8, 2026), selling is often routine.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -67% · now 15% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can CMRE take a bad year?
Costamare Inc. carries $976M of net debt at 1.67× EBITDA: a load its earnings can carry.
Net debt · as at FY2025 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.67×
Net debt / EBITDA · 1.66× a year ago · the load is going up
- Interest cover
- 5.06×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 39%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtFY2025
- $1.51B
- Cash and short-term investments
- $539M
- Net debt
- $976M
- EBITDA, trailing twelve months
- $586M
- Operating profit, trailing twelve months
- $456M
- Debt / equity
- 0.73×
- Total debt / EBITDA
- 2.59×
- Annualised volatilitytwo years of daily moves
- 39%
- Worst drawdown on file
- −67%
- Below its 52-week high
- 15%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.